So that I won’t loose my other qualifying tenant in line to her possible mind changing after she get the final approval by section 8.

Build your power team - Start talking with Title companies, mtg brokers, realtors....they'll be bound to know some cash buyers.Basically, if you have a good deal and you tell enough people in the right social circles, the vultures will start to appear...:)

We could:1) Cash out our $3,000 index fund and $1,000 in individual stocks, taking a loss (this loss won't help us with taxes, our income is so low we get everything back anyways), and scrounge up loose change for the rest.2) Ask our bank to lower the interest rate on our debit card credit line (currently 9.75%), extend our credit from $1,000 to $5,000 and live off credit this summer until we can take out more student loans in the fall.

I'm guessing this leasing tact is the developer activity you mention.Sorry, I'm not familiar with condo. prices in the area, but it should go without saying that the housing market here is as bad as elsewhere -- and layoffs at the major employers (Micron and HP) are bringing more homes to the market.I realize my interest in this is entirely different from those of you that have invested in this project, and might loose large sums of money -- I'm deeply sympathetic.

Unfortunately, if you have to shoot someone, the criminal will not only have holes in him, he'll be covered with lipstick, loose change, fingernail files, and whatever else women carry in their purses these days!!!

Especially with real estate, it's not like you're bound to your first instinct, the process allows you to back out in a reasonable amount of time and in the meantime you can see if you're getting yourself into a mess or if you just made a deal that you'll be talking about for a long time.

If they allowed the assumption, they would benefit by keeping good performing loans versus loosing them if I have to refinance.

If there is a plan to put something in hop on any deals near by that because it is bound to boom.

Last year, for instance, I was unexpectedly confronted by a loose pit bull who wanted a serious piece of me before I dashed inside and called the doggie police.

so loosing that 3-5k, along with the upfront money on points.... guess thats just the cost of doing business :lol: